Latham & Watkins Advises on Northern Oil and Gas, Inc.’s Public Equity Offering

Northern Oil and Gas, Inc. (NYSE: NOG) (Company), a company with a primary strategy of investing in non-operated minority working and mineral interests in oil and gas properties, with focus on the premier hydrocarbon producing basins within the contiguous United States, announced the pricing on May 15, 2023 of an underwritten public offering of 6,650,000 shares of common stock at a price to the public of US$29.40 per share. The underwriters exercised in full their option to purchase up to an additional 997,500 shares of the Company’s common stock, bringing the total amount of common stock purchased to 7,647,500 shares. The Offering closed on May 18, 2023, in satisfaction of customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by Austin partners Michael Chambers and Mollie Duckworth, with associates Michael Pascual, Brian Golde, and Carol Bale. Advice was also provided on environmental matters by Los Angeles/Houston partner Joshua Marnitz; and on tax matters by Houston partners Tim Fenn and Jim Cole, with associate Dylan White.